IG Group Expands Crypto Access Amid Risk Concerns

IG Group's new cryptocurrency trading service marks a pivotal shift in UK retail finance. The platform now enables direct trading of over 30 digital assets through a partnership with Uphold, replacing its previous CFD-only offering. This move brings crypto trading under a regulated umbrella but reignites debates about retail investor protection.

The transition from derivatives to spot trading reduces leverage risks, yet volatility remains inherent. Critics warn that mainstream accessibility could lure inexperienced traders into unstable markets. Meanwhile, proponents highlight the infrastructure upgrade—consolidating crypto with traditional investment accounts through IG's unified interface.

Regulatory tensions persist beneath the surface. The UK's earlier ban on crypto CFDs reflected caution, while this launch signals cautious acceptance. Market observers note the timing coincides with growing institutional adoption, though whether this represents progress or peril for retail investors remains contested.